STEPS TO SUCCESS
For Selling Your Home
Introduction

1 - We are interviewing you as much as you are interviewing us.
Only if we can work together well, will we b...
The Risks of Pricing Too High

Selling Your Home
In 7 Steps
Step 2
Develop Pricing Strategy

www.ab-lux.com

If you price ...
The Excitement of a “New On Market” Listing

Selling Your Home
In 7 Steps
Step 2
Develop Pricing Strategy

www.ab-lux.com
...
The Problem with “Testing the Market”

Selling Your Home
In 7 Steps
Step 2
Develop Pricing Strategy

www.ab-lux.com

A com...
Why Your First Offer is Often Your Best Offer

Selling Your Home
In 7 Steps
Step 2
Develop Pricing Strategy

www.ab-lux.co...
The “Selling Equation”

Selling Your Home
In 7 Steps
Step 2
Develop Pricing Strategy

www.ab-lux.com

Its really quite a s...
Lets Get Started!

There is so much thought, knowledge and preparation that
goes into a successful home-selling campaign. ...
Thank You for Your Business

Much of our business is based on referrals from satisfied clients.
If you know anyone who cou...
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How to sell your property in Luxembourg

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Steps to sell your property
There are 3 types of Agency Relationships between parties in a real estate transaction:

• Seller’s Agent - An agent who represents the Seller
• Buyer’s Agent - An agent who represents the Buyer
• Dual Agency - An agent who represents both the Seller and Buyer

When you select YourCompany to promote the sale of your property, we become your “Seller’s Agent” working on your behalf and looking out for your best interests. We will market your home, evaluate and negotiate offers from buyers, and guide you throughout the entire transaction to ensure a successful closing. A Dual Agent represents both Seller and Buyer in the same transaction and works to assist in negotiating a mutually acceptable transaction.

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How to sell your property in Luxembourg

  1. 1. STEPS TO SUCCESS For Selling Your Home
  2. 2. Introduction 1 - We are interviewing you as much as you are interviewing us. Only if we can work together well, will we be able to guide you throughout this extensive process to help you sell your home in the quickest time possible and at the highest price. 2 - We are not going to simply promise marketing genius and brag about ourselves, instead we will show you just how we will be your resourceful guide helping you through one of the most important processes of your life. 3 - We want you to know WHAT we are doing for you, WHEN and WHY.
  3. 3. The Risks of Pricing Too High Selling Your Home In 7 Steps Step 2 Develop Pricing Strategy www.ab-lux.com If you price your home at “Fair Market Value” you will see good activity and a good amount of buyer interest. The higher you go above Fair Market Value to “Test the Market” the less showings you will have. If you get really aggressive and price below Fair Market Value, you will get an increase in showings, and may end up receiving multiple offers with buyers trying to outbid each other for your home. An asking price that is beyond market range can adversely affect the marketing of a property.
  4. 4. The Excitement of a “New On Market” Listing Selling Your Home In 7 Steps Step 2 Develop Pricing Strategy www.ab-lux.com When selling your home, time is not your friend. When a new home is listed for sale, we market it extensively to other agents and potential buyers. Most of the local working agents and their prospective buyers will see it come on to the market right away. Interest will build over the first week or two, with a peak of interest usually at about 2-3 weeks out. Then as we always see, the activity of inquiries and showings will start to decrease rapidly. Your home becomes “old” and “stale” in the eyes of other agents and buyers. Marketing time is prolonged and our initial marketing momentum is lost. If you are not priced right, you may miss showing opportunities, or showings that do occur will not produce an offer. Your home may eventually sell below market value due to these costly delays.
  5. 5. The Problem with “Testing the Market” Selling Your Home In 7 Steps Step 2 Develop Pricing Strategy www.ab-lux.com A common mistake sellers make is pricing their home high in the beginning to “test the market”. The thought is “we can always lower the price if we don’t receive any offers” or “we need to build in a cushion for negotiation.” Unfortunately most of the showing activity occurs when the home is first listed. Once initial pool of buyers have seen the home and it doesn’t sell, the sellers will then have to wait for new buyers to come into the market and they will have to reduce their price to be competitive. Also, the longer your home remains on the market, the less interest it will generate among all buyers. Buyers typically feel that they should pay less for a home the longer it has been on the market. At that point you have to face the real possibility of being forced to sell it for less than if you had priced it at fair market value from the start. It is especially important to make sure that your home is priced correctly when the conditions are leaning towards a buyers market. In that scenario buyers are very sensitive to price and will look harder to find homes that offer the most value. Simply put, buyers are not making “low-ball” offers on properties, they are waiting for properties priced correctly to come onto the market.
  6. 6. Why Your First Offer is Often Your Best Offer Selling Your Home In 7 Steps Step 2 Develop Pricing Strategy www.ab-lux.com Another common mistake Sellers make is to disregard the first offer they receive. Often, if they receive an offer quickly, they get over confident and think maybe they could do better if they wait for another buyer. Rarely is that the case. When you first list your home for sale, New Buyers and Buyers who are Waiting for the Right Fit will come see your home. So it is possible, if priced at Fair Market Value, that you could get a good offer right away. After time goes on, and pricing comes down, you then attract the Deal Makers. Then after more time and more price reductions you attract the Bottom Feeders. Who would you prefer to sell your home to?
  7. 7. The “Selling Equation” Selling Your Home In 7 Steps Step 2 Develop Pricing Strategy www.ab-lux.com Its really quite a simple equation. Price + Exposure = Your Home Sold. You must first start out with the correct, accurate pricing for your home. Then once we have the home priced right, we will heavily market the home to both potential buyers as well as to other Realtors in the area. We have established many great avenues and resources for marketing your home, but if we are overpriced, all of our extensive marketing efforts will go to waste.
  8. 8. Lets Get Started! There is so much thought, knowledge and preparation that goes into a successful home-selling campaign. We will be your resourceful guide through every step. Lets get started on formulating our strategic plan to get your home sold.
  9. 9. Thank You for Your Business Much of our business is based on referrals from satisfied clients. If you know anyone who could benefit from our services, please let us know how we can be of help!

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